I got mine boat loan and insurance through state farm and they have never
seen the boat.

"steve" wrote in message
news
Is it possible to get boat insurance without getting the boat
surveyed?

I got mine boat loan and insurance through state farm and they have never
seen the boat.

Was it a new boat?

That make a difference between an insurance company asking for a survey, or
not.

If you go through a car insurance company, like State Farm, rather than get a
"yacht" policy it will be easier to insure any boat. Downside is that most car
insurance companies want to depreciate the boat on the same or similar schedule
as a car in case of total loss. Two years old? You might have to settle for
50-60% of original cost. With a yacht policy, you will get a previously agreed
upon "hull value" in the case of a total loss- typically much closer to the
original purchase price.

Ree-Yees wrote:
I got mine boat loan and insurance through state farm and they have never
seen the boat.

"steve" wrote in message
news
Is it possible to get boat insurance without getting the boat
surveyed?

Just a fyi but you may want to ask them (State Farm) what they will pay on
your boat if you have a total loss. I had my boat insured with
State Farm for several years. When I was renewing my coverage,
lets say the amount was for a total of 20k (a number they wanted me to
come up with) I ask if the boat was a total loss would they pay the 20k?

They could not answer that question specifically and I was told that if
at the time of the loss determine the boat was worth 20k or more they
would pay out the 20k. But if they determined it was worth a lesser
amount, say 16k that is all they would pay that. Ok fine, so I ask if
the boat was a total loss today what would they pay, and they could not
answer that question.

Now the boat is insured with Boat US. I have to state I have never had a
claim with either company. And this could very well reflect on the State
Farm Agent more then the company. But I do sleep a little better Having
the "Agreeded Hull Value" clause in my policy boat insurance.

My house and my car are still with State Farm, I just didn't feel
comfortable with there coverage for the boat.

Capt Jack R.

Oh no. They asked me what I was paying for the boat ($4500) and they asked
me how much I wanted to insure it for, so I said $4500. Nada lists it for
$5500. I guess they would probably try to screw me if I sunk the boat.

--C

Just a fyi but you may want to ask them (State Farm) what they will pay on
your boat if you have a total loss. I had my boat insured with
State Farm for several years. When I was renewing my coverage,
lets say the amount was for a total of 20k (a number they wanted me to
come up with) I ask if the boat was a total loss would they pay the 20k?

They could not answer that question specifically and I was told that if
at the time of the loss determine the boat was worth 20k or more they
would pay out the 20k. But if they determined it was worth a lesser
amount, say 16k that is all they would pay that. Ok fine, so I ask if
the boat was a total loss today what would they pay, and they could not
answer that question.

Now the boat is insured with Boat US. I have to state I have never had a
claim with either company. And this could very well reflect on the State
Farm Agent more then the company. But I do sleep a little better Having
the "Agreeded Hull Value" clause in my policy boat insurance.

My house and my car are still with State Farm, I just didn't feel
comfortable with there coverage for the boat.

Capt Jack R.